Petrol prices in Malaysia to be updated weekly
RON 95: RM2.05 per litre (from RM2.05)
RON 97: RM4.83 per litre (from RM4.83) + RM0.01
Diesel: RM2.15 per litre (from RM2.15).
The Malaysian government has announced that petrol prices in the country will now be updated on a weekly basis. This is in line with the government’s commitment to ensure that Malaysians have access to stable and affordable fuel prices.
The new system will see petrol prices being updated every Wednesday, based on global crude oil prices. Prices will remain unchanged for the following week if crude oil prices do not move by more than US$2 per barrel.
This is good news for Malaysian motorists as it will provide them with greater certainty when it comes to budgeting for their fuel expenses. The new system will also help to ensure that Malaysia’s petrol prices remain competitive with neighbouring countries.